Overall BLMN gets a technical rating of 0 out of 10. BLMN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BLMN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
6.47
When analyzing the resistance we notice 3 important areas.
- Resistance @6.75 from a trend line in the weekly time frame.
- A resistance zone ranging from 6.90 to 7.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.43 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BLMN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLMN is down. |
| ChartMill Relative Strength | 11.6 | NEGATIVE | BLMN has a low relative strength, it was outperformed by 88.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLMN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLMN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.46 | NEUTRAL | The RSI value for BLMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BLMN has a negative trend. |
| Stochastics (14,3) | 10.96 | OVERSOLD | The low Stochastics value suggests BLMN may be oversold. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for BLMN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.46 | NEGATIVE | The low ADX value for BLMN suggests a weak or negative trend. |
6.54
+0.03 (+0.46%)
BLOOMIN' BRANDS INC / BLMN FAQ
What is the ChartMill technical rating of BLOOMIN' BRANDS INC (BLMN) stock?
ChartMill assigns a technical rating of 0 / 10 to BLMN.
What is the trend direction for BLMN stock?
The current trend direction for BLOOMIN' BRANDS INC (BLMN) is Bearish.
What is the RSI signal for BLOOMIN' BRANDS INC (BLMN) stock?
BLOOMIN' BRANDS INC (BLMN) has an RSI value of 43.4628. This indicates that the stock is currently neutral.
What is the short term momentum for BLMN stock?
The short term momentum for BLOOMIN' BRANDS INC (BLMN) is negative.
What are the support and resistance levels for BLOOMIN' BRANDS INC (BLMN) stock?
BLOOMIN' BRANDS INC (BLMN) has a resistance level at 6.75. Check the full technical report for our detailed analysis of BLMN support and resistance levels.